Bitcoin.com has added support for the smart contract platform Avalanche to its self-custodial web3 wallet. The addition of Avalanche to the multichain Bitcoin.com Wallet means the wallet’s millions of users are now able to buy, sell, send, receive, and manage $AVAX. Users will also be able to trade tokens on the Avalanche network, as well as interact directly with the hundreds of Decentralized Apps (DApps) hosted on the high-throughput Ethereum Virtual Machine (EVM)-compatible network, enabling use cases like borrowing and lending, prediction markets, and synthetic assets.
Bitcoin.com’s support for Avalanche is also motivated by the development of its ecosystem token $VERSE, which will require a low-fee smart contract platform to enable the small, frequent transactions associated with the token’s utility and rewards functions. Verse will launch on Ethereum but also be bridged to Avalanche.
Strategic investors purchased $33.6 million in a private sale of $VERSE tokens in May. Registrations for the public sale are now underway at getverse.com.
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.
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